RfGISTEKLi D CIIARI I'Y NUMBCI R: 1048051 Repoi't of the Tru5tee5 And UtiAudltcd Fln¥ntl#l Stgttmertts foi. the Yeai. Lnded JI Decen]bei' 2020 foi. MÈdw¢¢k irb MAyfiir Chai'itable Ti'115t Gai%ide and Co. Limited 162-168 Regeiil Stiret Loiidon WIB5TG
Midiveeli iii MRyfaii' Charitablc Trust Contents of thc I,"i]Jancial,8¢at¢m¢nt for tlie YeAI' Eiilled 31 Deceinbet. 2020 Psge Repoi't of the'l-i'u5tee5 Indei)eJJdent Examinej's Report Stit¢ment of FiD#rteial Aetivities Balxijce Sheet Notes to the FinRncial StAtemellts 6 to 10 DetAil¢d StAtemertt of Fin*ncirsl A¢tiYltles
Midiveel( in Mayfaii. ClJarit4Ible Ti'u5t Rei)oi'l of the Tritstees roi. tlie Yeai. Ciide(131 Decembei. 2020 The trustees present Iheii. report with the financial slateineiils of the chaTity foi. tlic yeai. ended 31 December 2020. The ti'uslees have adopted thc pix)visions of Accouiiting and Reporting by Cliai'ilies.. Staleinenl of Recoinjncjidcd P12Ctice applicable lo cliarilie5 prepai'ing their accoiiiits iii accordaiice with the Finaiicial Reporting Stsndard appli¢abl¢ in the UK and Republi¢ of Ireland IFRS 1021 {etYe¢live l January 2019). OBJCCTIVES AND ACTIVII'ICS Objective5 aThd HilTts Tlie trust was established on 4 April 1995 to hold capital and income of the Tiwst Fund, and apply the incoine and capital by way of donatlOllS to chaiitable iiislitutions at tlie discrelioii of tlie Ti'ustccs. For a period of 23 yeais, the tnjstees can at their own disci'etion ineiEasc the capital of the Trust fund by accuniulating interest accruing frorn aiiy authorised inve5tineiit5. Piiblic benefit The TTU5tee5 have ensured that all activitie5 IhiDugliout the period liave been iji the illterest of public ben¢fil. I'he I'ru51ces coiifii'in tliat they have refcrird to the guidance coiitaiiied in thc Chai'ily Commission's general Buidaiice on publTC benefil when reviewing the Chai'ily's aims and obje¢lTves and in plannillg future activities. ACHIEVCMENT AND PERfiORMANCE The Chai'ity's princip21 activities conlinlled to relate to the advancement of the ChTlStiaii faith and in older to achieve the Chai'ity's Objec15. the Chai'ity funded and oi'g7aiiised weekly lunchtime public ineclings in Mayfair and fiinded other activities priinai'ily for Ilie benefil of those woi'king in Ihc area ot'mayfair aiid We%lminslei'. FINANCIAI. REVIF,W Res¢i've$ poli¢y The tl'LlStees liave reCoglsed tliat the rnaiii I'isk faced by the charity is a fulLirc deciEase in di)nation incoiiie. A5 a result. the Cliai'ity's eiiiployee is ¢liar¥ed with thE task of illaiiitainiiig tlie 5UPPOrt of existing donoi's aiid of sceking new support for the futui'c. To liclp safcguard agaiiist tliis risk, the triislecs acknowledge the benefit of working towards a Inoir 5igiiificant leve of iE5ei'ves in ilie next finanLial ytar. Tlie accoiint5 cover all tlie activities of tlTre TTUSt and have been prepaird on an acci'Lials basis foi. the year ei)ded 31 De¢eniber 2020. The a¢counls show a balan¢¢ ofunsp¢iil uni'eslricled funds of £39,769 conipai'ed with £21,548 in 2019.. The mdjvrity uf the Ti'u%t's iDioniin¥ Irsouire5 w¢r¢ d¢rived frorn doiia110115. chai'ilable activities and cash deposits, Intalling £51,989 12019..£39,1301 of which £33,768 12019..£58,1901 wa8 comniilled to ch(Ii'ilable activitie5 and siipport costs, willi Jicl loiitgoit]gll incoining resoLErces of £18.22112019..£119,56011 for the year elided 31 Dcccmbei. 2020. Under the teiyns of the goveriiing dociinient their are no reslrictlolls on Ilie Trust's powei. to tnvest. FIITURE PLANS lkne Ir1151ees are 5atlsfied willi the finaiicial position of the cliai'ity and Collfiim that they have adequat¢ assets available to fulfil tlieir obligations. Tlic Trustees IEview Iheir policy guidelines on d I'tBulai- basi5. Tliere aTe no plaiis to altcr tlie charity's activities next year. STRUCTURE,GOVERiNANCE AND MANAGC4MENT ovei'niilg Ilocuinent Midweek iii Mayfair C.hai'ilable Tivst is coiilrolled by ils goveming do¢umeiit, a deed of trust dated 4 April 1995 and cotistitiitcs ali uniiicoi'poi'ated charity. Rccj'uilinetit and appoiijtment of ijeiv ti'ustees New'l iiistee5 are eltcled by Ihe'l'rustees at the full Tru51ee5 Ineeliiig5 and any vacancies are fillcd by recogiiising gaps in the skills, ¢apacity and expei'ien¢e of existing Ti'uslees. New Trustees i'eceive induction and training in their role ai?d this pro¢ess is Irviewed by Ihe'l r115t¢e5 regiilai'ly. Page I
Midweeli lil MAyfaii' ClJfiritRble Trust RL'port vf the Ti'u8tces roi. the YeAI' Elided 31 Decembei. 2020 STRUCTURE, GOVLRNANCE AND MANAGEMC4NT Orgaiii5atsonal struttui'e The cliai'ily is maiiagcd by the Tr115tees wlio are appoiiited under tlie ternis of the TTU5t Deed, with daily adtninistiTrtion being dealt witli iiiider the supervision of the Trustees. CuYiEntly there are no Ti'uslee va¢an¢ies. and future vacancies will be filled by appropriately qualifjed individuals. Many of the present .1 i-uslees serve oil the boards Df oihei. unrelated chai'ilies and tliey bl'ing to the Trust a considerable knowledge of tlie cliai'itablc world in gcncral aiid of the causes which tlie Ti'ust 5UPIMllts in particulai.. The TTuslees nieet Ix)ughly quarterly, so that cliarity opei'atiotls can be dealt witli expeditiously, and their deeisioiis are reviewed aiid ratified at full Trustees nieetlllg5. lield ul leasl thire limes a yeai.. The TrLislees kccp thcmselves up to date with chai.ity law, in so far a% it affe¢tS the charity activitie5. Their involvement in the field of cliarilable actTvity 5UPPQlt¢d by the 'Frust, as wcll as Ilieii. cxpcricncc of oihei. charilics, means Ihal Iliey bl'ing aij infoiThed eye to their work. Fllnd raising is undertaken to support the woik of the chai'ity. Related pai'ties The charity does not have a relationship with any othei. charity or OTgaiiisations. REFERENCE AND ADMINISTIIATIVF. DETAILS R¢¥ist¢J'eil ch41.jty nllmbei. 1048051 Prlnoiysl Aildress Interpai'k I louse 7 Down SlIEet Loiidon WIJ7AJ .1 t'ustees P M Cunliffe P Baxtei. M S Peddar (resigned l.10.201 S B Gaisidc Iresigiied l.10.201 J CuTly Secretary In(lepeiJdent Exaiiiinei. Ciarelh Hughes ACA Chartered Accoiiiilants Garside and Co. Limited 162-168 Regent st¢1 London WIB5'1'G Baijkei. Ileliaiic¢ Bank Faith House 23 24 Lovat Lane London EC3R 8EB Api)roved by OTder of the board of truslees on 10 Noveinber 2021 and signed on ils behalf by- J Ciiiry- TiiJ5tee Pag¢ 2
Independent Examiner's Report to the Trnstees of Midweek in Mayfair Charitable Trust
Independent examiner's report to the trnstees of Midweek in Mayfair Charitable Trnst
I report to the charity trustees on my examination of the accounts of Midweek in Mayfair Charitable Trust (the Trust) for the year ended 31 December 2020.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section l45(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- I. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Gareth Hughes ACA Chartered Accountants Garside and Co. Limited Suite 63 I, Linen Hall London WIB 5TG
IO November 2021
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Miiliv¢¢k in MayfAlI' Chii'it4ble Trust Slatement of b'inai)ciRI ActlVLtie5 for tlie Ye#i' Eniled 31 Deceml)ei' 2020 31.12.20 31.12.19 Total futjds Ui)IEstricled fund Note5 INCOME AIYD ENDOWMEIY"IS I,"ROM Donation5 and legacies 51,989 39,130 EXPENDITIJRE ON ChAI'iIAble Activities Activitie5 in fuiiheraiice of ChaTity'5 objects 33.268 58,190 Othcr 500 500 Tot*1 33,768 58,690 INCI T IiNCOMLIIEXPENDITURE) 18,22 119,5601 RECONCILIATION OF FUNDS Totil furtil$ bi'oiight foi'wii'd 21,548 41,108 TOTAL FUNDS CARRIED FORWARD 39,769 21,548 The noles foiTh part of Ihese fiiiaiicial sialement5 Page 4
Midiyecli in M#yfAlI' C.hArlt%blc Tj'ust B41laiJce Sheet 31 DcLcmbci' 2020 31.12.20 Unresti'i¢led futid Total funds Notes CURRENT ASSETS DebtOlS Cash at bank and i) hand 20,49.3 33.038 17,538 29,055 53.531 46,593 CRF.DITORS Arnouiits falling due within one year 113,7621 125,0451 NLI I. CURRbN'I' ASSE4 TS 39.769 21,548 1'01'AI. ASSETS I,F.SS CURRENT LIABILITIES 39.769 21.548 NET ASSETS 39.769 21.548 I-,UNDS Unr¢slri¢led funds 39,769 21,548 TOTAI, FUNDS 39,769 21,548 The financial statements were approved by the Boail of I rustees and authorised for issue on 10 NoveinbeT 2021 aiid were signed oil it5 behalf by.. J Cuny- Trustee 'riie notes foiTh part ofthese financial statements Page 5
MidiYeel( rn MayfHii' Cliarilable'I'i'ust Notes to tlie FiiJaJJcial.StatenJents for the Yc#i' FJll(led 311)eecnibci' 2020 ACCOUIYTING POLICIES BASIS of prepAI'iiJg the finAtICiAI statement8 The fii)ancial staleinejits of Ihc charity, which is a public benefit entity Iind¢i' FRS 102, have been prepared iii a¢c()rdan¢e with lh¢ Chdi'ities SORP IFRS 1021 'Accoiillling and Rcportiiig by Chai'ilies.. Slalement of Recomineiided Practice applicable to cliai'ities piEpai'iiig Ilieii. accounts in a¢LOI'ddnCe with the Fiiiancial Reporting Standard api)IiL#ble in the UK and Repiiblic of ITeland IFRS 1021 leffeclivc l January 20191,, Financial Repoiting Slaiidai'd 102 'The Financial Reporting Slandai'd applicable in tlie UK aiid Republic of Irelatid. ai)d the Charitie5 Act 201 The fiiiancial slateinenls liave beeii piEpai'ed utid¢i' thc liistoi'ical cost conveiltion. Thc charity constiliitcs a public benefit entity a% defined by FRS 102. '1'he Trustees have consideiEd the ability of tlie trust lo uperale for tlie foreseeable future. Based oil Iheii. cnqiiirics the trustee% consid¢i' it appropriate to piEpair tlic financial statcinenls on thc going concern basis. The preseiitation CUlTeii¢y of thes¢ financial statements is Pounds Sterling. The figiires hav¢ oot been rounded. Th114Incial I'epoi'ting standAI'd 102- rediEced disclosllre exemI)ti(¥rt Tlie cliai'ity lias taken advaniage of ilie followiiig di5cIosiiTe cxcniptions iii preparing Ih¢s¢ finaii¢Eal Statements. as pei'mitted by FRS 102'Tlic Financial Reporting Slandai'd applicable in the UK aiid Reptjblic of Irelaiid.: tlie requirements of Section 7 Statement ofcash Flow5. Intome All iiicoine is recogniscd iii Ihc Slalcmcnt of Fiiiaiicial A¢tivili¢5 once the chaTity lias elltitleinent lo the fiinds, it 15 pIDbable Ihal the income will b¢ received and tlie ainouiit cali be measured irliably. Incoine lax recoveiRble iii Irlalion lo donation is reColSed at the time donation is receiwdble. Doi)ations are Ircogni5ed wlien tlie charity lias beeii iiotified in wriling of both the arnoiiiit and settlement date. lil the event Ihat a donalion is siibj¢LI io condiliuns that IEqUiIE a Icvcl of pci'forniance before lh¢ charity 15 eiititled to the fiinds. tlie inconie is deferi'ed and not IrcoEiiised until eilhei. those condiliuns #re fully inet, or thc fiilfiliiienl of those condilioiis is wholly within the Control of the charsty and it is probable that those conditions will be fulfilled iii the reporting period. Liabilities are ircogiiised as expeiidituir as soon as IheiE is a legal oi. ¢OllSlTUCtive obligatioii committing the charity lo tliat expeiidilkiye, it is probable 11)ai a transfer of econojiiic bencfits will be reqiiii'ed in settlemeiit and tlie atnount of the obli8alioJi can bc mcasiiird reliably. ExpeiidituiE is accoiinted foi. on ali accrllals basis and has been classified iiiider lieadings that aggregale all cost IElated to the calegoiy. Whei'e costs callnot be directly atti'ibuled lo paiti¢ular li¢adiiig5 tliey have been allocated to activities on a basis consistent with the use of resouires. Tax*tion The chai'ity Es cxcmpt frojn tax on its cliaritable activities. Fund accoiinting Incrjnie flind5 air unrestricted fijnds wliich arc available for use al the dis¢irtion of tli¢ Tr1151ee5 sn fvrtherance of the geiieral objcclives of Ihc cliarily alld wljieh havc iiot been designated for otliei. PUTposes. Reslri¢ted funds can only be used for parti¢ulai' resti'icted puipose5 Wltliiti the objects of the ¢harity. Restrictions ai'i5e wheii specified by the doiior OT wlien fvnds arc raised foi. i)ai'li¢ular resiri¢ted puiposes. Fiiither explanalioji of the natiii'e atid purpose of each fund is in¢5uded in Ihe iioles lo the finaiicial slatemenls. DelTrtoi's and tj'edltoj's 'I'he5e Charity accoiint5 liave beeli prepared oil ali acci'iials basis aiid debtors and creditoi's liavc bceji deali with in accordance wilh SORP (FR8 1021. Page 6 coiitiniied...
Mi(Iw¢ek In MAylAir Cljfiritable Trust Note5 to tlie I, iii#tk¢llll St*tenJents- coiitinued for tlic Y¢ai' Ended 31 Decembei. 2020 ACCOUNTING POLICIES-continued Debtors Rnd creilitors These accouiils include debtors as defiiicd in Charilies SORP IFRS 1021 B2. The debtors aTe measuiEd at their recoverable anioiints. No aiiioiiiit is recoverable more Ihaii a year Rfter the reporting dale, so no adjiistment foi. tirne vali1¢ oftnoney is included in the a¢¢ounls. These a¢couiils iiiclude ICI I creditors.. ami)unts falling due within one year as defined in Charities SORP IFRS 1021 10.80. Tliese creditoiE arise whei'e there is a legal oi. conslYiiGtive ubligalion coiiiiniltiiiE Ilic cliai'ity to expendilur¢, it is probable that seltleinenl will be reqiiired within one year aiid tlie ainount of the obligation can be rneasuird reliably, yet iio nialerial payineiit had OCCLlI'I'cd by tlie ejid of Ilie a¢¢oiiiiitng period. Tlie trLlStees expect to niake all relcvanl payrnen15 ID the subseqllenl financial year. CA$h ¥iid Cfish Equivalents Thc cliai'ity doe5 lTrOt l)old any short term. highly liquid investments, so the cash at bat]k figure is eiitirely Comprised of actual casli in baiik accoiiiils. DOIYATIONS AND LEGACIES 31.12.20 31.12.19 Doiiations Gifl aid 49,035 2,954 36,050 3,080 51,989 39.130 CIIARITABLE ACI-IVI'I'ICS COSTS Dire¢t Cost5 Activities in furtherancc of Charity's objects 33.268 SIJPPORT COSI'S oihei. other Ir50UTCeS Expended 500 Support costs, included iii Ilie above, are as follows.. Otliei. 31.12.20 Other Irwurces expeiided 31.12.19 Total activittes Indepeiidenl Exainiiier's Fee 500 500 Page 7 continued...
Midiveeli iii MY[Alr Cljai'itable Trust Notes lo the Fiiiiiiiial StHtenient5- eoijtiijued fui. the Yeai. Elided 31 Decembei. 2020 TRUSTEES, REMUNLRATION AND BENEFITS There weie iio tr115tees' reinujieration or other benefits for tlie ycar elided 31 DecErnbei' 2020 nor foi. the year elided 31 Dcccjnbci. 2019. Tj'ustets, exptn$e5 Tlieir were iio 31 Dceeinbei. 2019. tiiislecs, expenses paid for the year elided 31 Decetnber 2020 Jor foi. the yeai. cnded STAFr cosi's The average molltlily numbei. of employe¢5 during the year was as follows.. 31.12.20 AdininibtiBtive No employees re¢eived einolutnent5 in cxcess of £60,000. COMPAIiA'I'IVES FOR THE.ST ATF.Mf4 N'l. 01,. lilNANCIAL AcfIviTILS Uiiirstricted INCOME AND ENDOWMLI NTS fROM Donatlolls and legacies 39.130 I XPENDITIIRF. ON A¢livili¢5 iii fvrtliei'ance of Charity's objects 58.190 500 TotAI 58,690 IYEI" INCOMEI{EXPENDITUKLI 119,5601 RF.CONCILIATION OF FUNDS Total fLLnils brouglit forward 41,108 TOI'AL fiUNDS CARRIED FORWARD 21.548 Page 8 continiied...
Mi(Iw¢eli In MAyfaii' ChAI'ltable Ti'ust IYDtes to the I,iii%iiii*l StA(ements- coijtinued foi. tlie Year Ended 31 Deceilllpei. 2020 DF.BTORS.. AMOUNTS FALLING DUF. WITHIN ONE YCIAR 31.12.20 other debtors-Gift Ai(V Prcpaymtiit 20.493 17.538 CREDITORS.. AMOUNTS FALLING DUE WITHIN ONL YL4AR 31.12.20 Ti'ade creditOl'S Olliei. ¢i'editors 5.833 7,929 4,999 20,046 13.762 25,045 io. MOVEMENT IN FUINDS Net moveineiil in funds Al 31.12.20 At 1.1.20 Uni'esti'icted fiEnils General fuiid 21.548 18,221 39,769 TOTAL f4 UNDS 21.548 18,221 39.769 Net moveinent in funds. included in the above are a5 folSow5.' In¢oining IEsouires Rcsources expended Moveineiit in funds Uiirestricted fund5 Geii¢idl fund 51,989 (33,7681 18,221 TOTAL FUNDS 51,989 (33,7681 18,221 CompaiHtive5 foi. mov¢mciJt iij funds Net muveineiil At 31.12.19 At 1.1.19 Unve.$trltted futids Geiici?I fiind 41,108 119,5601 21.548 TO'I'AL FUNDS 41.108 119.5601 21,548 Page 9 continued.
Midweek ill MAyfAir Clilli'ltable Trust Notes to tlje FiiJAiJciil StxteiTEeiit5- continueil for tljc YeHI' lijded 31 Decembei. 2020 io. MOVCI MENT IN FIJNDS. eorttinued Compaiative net movement iii fijnds, incliided in the above are as follows.. Incomijig resouTces Resoui'¢es expended Moveinet]t in funds Unre$trictcil fuHd5 Genei'al fund 39,130 158,6901 {19,560) I'OTAL FUNDS 39,130 158,6901 119,5601 A curiEtityeai' 12 Jnontlis and pi'ior year 12 months combined tK>51tion is as follows.. Net movein¢nt in fiiiids At 31.12.20 At 1.1.19 Uiii'e%ti'ieÉtd fund5 41,108 11.3391 39,769 TOTAL bUNDS 41,108 11,3391 39,769 A ¢uriTnt yeai. 12 inojiths at]d prior year 12 months combined net movement iji fiinds, included iii the above are as follows.. In¢oniiiig resouires Resoiirces eX]nded Movcinent in funds Ullrestricted funds Genei'al fund 192,4581 {1,3391 TOTAI. f4UNDS 192,458} (1,3391 RELATED PARTY DISCLOSURES There were no irlated party Ira115actioJis for the year ended 31 December 2020. Page 10
Midweel( ill Mayfaii. Chai'itable Ti'ust l)IlAiltil.S(stetnellt of Fin4Incial Activities foi. the YeAr Li llde(131 DeL¢mbtr 2020 31.12.20 31.12.19 INCOMF. AND ENDOWMCI N'I'S DonxtioThs an(1 legaeles Donations Giftaid 49,Q35 2,954 36,050 3,080 51,989 39.130 I'otal iii¢oming resoui'ces 51.989 39,130 EXPENDITURE Wages 17,760 356 77 24,596 351 256 10,787 200 22,000 l)riiiting and %lati()ncry Meelings-vciiuc hii'c Staff ¢xpeiises Speakei. fec8 292 11,667 33,268 58,190 Siippoi't cost$ Otlier Independent Examiiier's Fee 500 500 Total re50ur¢es expended 33,768 58,690 Net ineonJel{expellditui'e) 18221 119,5601 This page does iiot foi'm pai1 of the 51atulory financial statements Page 11